Cryptocurrency has revolutionized the financial markets but also created tax traps for the unwary investor. Building on proposed regulations issued in 2023, the IRS has increased its oversight of cryptocurrency transactions by requiring brokers, beginning in 2025, to report investor sales and exchanges in connection with such transactions. Taxpayer...
Not So Cryptic: IRS Increases Oversight on Cryptocurrency Income Tax Reporting Requirements
Publish Date:
May 02 2024